EFTA00586603.txt

"Seller has title to the Aircraft"

"Seller shall pay the entire cost of FAA Counsel."

"Path Air, LLC ("Seller) in consideration of the sum of Eighteen Million Five Hundred Thousand United States Dollars (S111,500,000.00) paid by SFS, LLC"

"Path Air, LLC ("Seller) ... hereby grants, sells, transfers and delivers to Buyer the airframe, engines and auxiliary power unit described below ... ("

"Path Air, LLC ("Seller) ... hereby grants, sells, transfers and delivers to Buyer the airframe, engines and auxiliary power unit described below"

"Path Air, LLC ("Seller") is pleased to submit to SFS, LLC ("Buyer") this proposal ("Proposal") regarding the sale of a certain Gulfstream 550 s/n 5017"

"instruct the Escrow Agent to return the Deposit to Buyer"

"between Seller [Path Air, LLC] and SFS, LLC ("Buyer") ... Aircraft Limited Warranty Bill of Sale"

"Received from Path Air, LLC ("Seller") ... in accordance with the Aircraft Limited Warranty Bill of Sale ... between Seller and SFS, LLC ("Buyer")"

"Buyer shall immediately instruct Escrow Agent to wire the Purchase Price, plus any amounts due to Seller for Flight Costs to Seller"

"FAA Counsel shall confirm that the records of the FAA and the International Registry then reflect that Seller is the record owner of the Airframe"

"the closing shall be conducted by the parties via conference call (the "Closing Conference Call")"

"the closing shall be conducted by the parties via conference call (the "Closing Conference Call")"

"Seller agrees to be responsible for and to pay the fees and expenses of Dallas Jet International, LP"

"Buyer agrees to be responsible for and to pay the fees and expenses of TBD"

"GE Commercial Finance Global Asset Management Brian Huber Manager Aircraft Remarketing"

"March 22, 2016 Mr. Stephen Hanson... Dear Mr. Hanson"

"Seller hereby proposes to sell the Aircraft to Buyer for a purchase price equal to the sum of Eighteen Million Five Hundred Thousand United States Dol"

"Buyer shall wire transfer to Insured Aircraft Title Service... a refundable good faith deposit in the amount of Five Hundred Thousand United States Do"

"The pre-purchase inspection shall consist of... a test flight... at the Pentastar Aviation facility in Waterford, MI"

"this Proposal (i) is not intended to, and does not create any binding legal obligation on either party... upon written acceptance by the Buyer of the "

"Seller: Path Air, LLC ... Attn: Brian Huber E-mail: [email protected]"

"Attn: Brian Huber E-mail: [email protected] ... of GE Capital US Holdings. Inc., attorney in fact"

"Buyer: SFS, LLC do Muchnick, Golieb & Golieb, P.C."

"FAA Counsel, as Buyer's "professional user entity," shall initiate a "sale" filing"

"FAA Counsel, as Seller's "professional user entity," shall discharge any registration"

"Insured Aircraft Title Service hereby accepts the terms and conditions of this Proposal and agrees to perform and discharge all of the duties and obli"

"Mr. Stephen Hanson SFS, LLC"